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Right Area
Buying Guide for buying property in Dubai
Basic
Facts - Buying
Process - Costs
Visa
/ Residency - Health
Population: 1.5 million
Capital: Dubai is one of the United Arab Emirates
Native Language: Arabic, English, Hindi
Currency: dirham (AED)
Dialling Code: +971
Emergency Services: 999
Embassy: www.uaeembassyuk.net
- Buying in Dubai is a straightforward process. Very recently the government have announced that foreigner can buy freehold property as well as leasehold property although no implementation of this has yet been disclosed
- On new property, the buyer pays a 20% deposit followed by staged payments until completion
- For resale property, once a property has been found a holding deposit is paid until funds are in place until to exchange.
- For new-build property, land registry fees: 2%
- For resale property, transfer fees: 1% to 2%
- Legal fees: approximately GBP 1000
- Estate agency commissions: 2% to 5%
Any EU citizen can spend 30 days in Dubai without a visa. Owning a property entitles the owner to become a Dubai resident if they wish.
The standard of health care in Dubai is very good. Foreigners can use public hospitals provided they have a valid health card from the UAE Ministry. Private health insurance is recommended.